Investors around the globe this week sent President Trump a clear message about his new tariff policy, announced triumphantly as a remaking of the economic order. They don’t like it. The S&P 500 fell 6 percent on Friday, bringing its losses for the week to 9.1 percent. Stocks hadn’t fallen this far this fast since […]
The Trump administration on Friday rejected a Biden plan that would have required Medicare and Medicaid to cover obesity drugs and expanded access for millions of people. Under the law that established Medicare’s Part D drug benefits, the program was forbidden from paying for drugs for “weight loss.” The Biden administration’s proposal last November had […]
Of all the countries that expected to be immune to President Trump’s tariffs, Switzerland was at the top of the list. The tiny Alpine nation, famous for its political neutrality, fine chocolates and precision watches, had eliminated industrial tariffs recently on all imports, including American goods. It has kept the European Union at arm’s length […]
Kevin Peachey Cost of living correspondent Getty Images The sweeping new tariffs announced by President Donald Trump have triggered ructions across financial markets, with global share prices seeing hefty falls. It’s the latest example of big shifts in stock markets making the news, whether they are booms or falls. As companies grow, they issue shares. […]
As financial markets recoiled for a second day and China said that it would hit the United States with its own punishing tariffs, President Trump on Friday sounded a defiant note about his approach, promising that “MY POLICIES WILL NEVER CHANGE.” Instead, Mr. Trump maintained in a series of posts on Truth Social that his […]
The owners of a popular vegan food outlet say they have been left with no choice but to shutter the business because of the spiralling cost of living. No Frickin Chicken started out in April 2021 as a food truck visiting markets and festivals before opening a diner in St John’s, Worcester, a year later. […]
The Golden State Warriors’ regular season will end on a Sunday afternoon at Chase Center in one of Draymond Green’s favorite matchups. Against the LA Clippers. It will likely have postseason implications, so Green will no doubt be intense. But it’s not one of his favorites for the matchup against Ivica Zubac, the bruising center […]
Fenerbahce have accused Galatasaray boss Okan Buruk of acting “as if he had been shot” after a confrontation with their manager Jose Mourinho on Wednesday night. In a strongly-worded statement, Fenerbahce accused Buruk of having the “audacity to make disrespectful hand gestures” to provoke Mourinho, who then “briefly touched his nose” in response. The Turkish […]
Dearbail Jordan Business reporter, BBC News The UK exported nearly £60bn worth of goods to the US last year, making it one of the most important markets for thousands of British businesses. After President Donald Trump announced a 10% tariff on nearly all UK products, we spoke to businesses from some of Britain’s biggest exporters […]
Tom Espiner & Emma Smith BBC business reporters Getty Images Cosmetics company Lush and car repair chain Kwik Fit are among firms which have warned they will raise prices due to an increase in employers’ National Insurance (NI). Other firms have told the BBC they will reduce how much profit they make, freeze hiring or […]